February 28, 2015

Home Values in Omaha, NE Metro Area

Thinking of selling your home? If you're wondering, "How much is my house worth?" then you will want the most accurate data - not outdated home sales data. If you want the most accurate recently sold home prices in Omaha, NE Click Here and we will give it to you directly from the Omaha Area Board of Realtor's MLS data This will help you with determining the value of your home.

1. Not every real estate website gets direct feeds from the Multiple Listing Service. Many of these websites also rely on Realtors to manually update the pending and sold status - but guess what? Realtors are busy. They are out selling houses and too busy to fill these out.

2. Zillow Zestimates does not give you accurate home sales values. There are many consumer complaints regarding Zillow's Zestimates.

Heeran's Home Team sells over 150 houses each year. Whether you are looking to sell your house or just want to stay up to date on neighborhood values, Click Hereand we will give you the most accurate comparable home sales for your neighborhood and also set you up to receive instant email notifications when a home in your neighborhood is listed for sale or the price changes on an active listing.

February 9, 2015

Why Homebuyers Need to Act Now

DAILY REAL ESTATE NEWS | WEDNESDAY, FEBRUARY 04, 2015

Home buyers need to move fast if they want to spend less, notes Jonathan Smoke, chief economist at realtor.com® in commentary at the site.

“Delayed purchases will only result in higher monthly mortgage payments as prices and rates rise,” Smoke writes. Realtor.com® is forecasting that affordability may decline as much as 10 percent over the year.

The Federal Reserve continues to remind the financial markets that it plans to raise its target federal funds rate this year, which will cause mortgage rates to rise. Many economists are predicting 30-year fixed-rate mortgages to average near 5 percent by the end of the year.

For now, mortgage rates are near historical lows for homebuyers and home owners who can take advantage. Freddie Mac reported last week that the 30-year fixed-rate mortgage averaged 3.66 percent (last year at this time it averaged 4.32 percent), and 15-year fixed-rate mortgages averaged 2.98 percent (a year ago, it averaged 3.40 percent).

“Right now, the Fed is using the word ‘patient’ to describe its approach to picking the time to raise the target rate,” Smoke notes. “However, when the Fed ‘loses patience,’ rates will go up at least 20 to 40 basis points in anticipation of the target rate officially going up. … So, buyers beware: The clock on these low mortgage rates may be ticking.”